keynesianism keynesianism

Definition(s):

  • (n) the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment

News

  • Guest Post: Paul Krugman The Marxist

    Submitted by James E. Miller via The Ludwig von Mises Institute of Canada , Someone once wrote that criticizing economist and New York Times columnist Paul Krugman is the internet’s favorite pastime. I, too, have engaged in the sport – with no success of changing what Robert Higgs calls the “vulgar Keynesianism” that dirties the Grey Lady’s editorial page. To the betterment of my pride, nobody ...
    on June 25, 2013     Source: Zero Hedge

Quotes

  1. He singled out British Prime Minister Gordon Brown, saying, "The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking."
    on Dec 11, 2008 By: Peer Steinbrueck Source: Reuters

  2. As economist and Nation contributor Dean Baker said to me, "The problem was not that Keynesianism failed, it was that it was not pursued with enough vigor."
    on Jun 6, 2009 By: Dean Baker Source: Yahoo! News

  3. "Friedman fought a counterrevolution in the 1950s against Keynesianism," said Weisbrot. "He succeeded in that policy moved to the right and the concerns of workers took a back seat compared to those of creditors and bankers."
    on Nov 16, 2006 By: Mark Weisbrot Source: CNNMoney.com

Word of the Day
infatuated infatuated
/ɪn ˈfæ tʃu ˌeɪ tɪd /